MIAMI--(BUSINESS WIRE)--Sumsub, a global tech company that provides customizable KYC, KYB and AML solutions for the whole user journey, today published its Complete Guide to Transaction Monitoring to ...
On Thursday, the Central Bank of Ireland fined Coinbase’s European entity nearly $25 million for failing to implement effective monitoring measures to flag illicit financial activity on the exchange.
Ahead of the launch of a new virtual classroom workshop, the International Compliance Association offers a look at transaction monitoring: what it is, what risks to look out for, and what can be ...
Factors to Be Considered by Financial Organizations for an Effective Transactional Monitoring System
The rising incidence of financial crime continues to haunt financial institutions globally. As per a recent industry report, more SARs (suspicious activity reports) were filed by ~80% of the firms in ...
Transactions over $10,000 trigger a currency transaction report under the Bank Secrecy Act. Structuring deposits to avoid reports can still alert banks and lead to a possible suspicious activity ...
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Central Bank fines crypto-exchange Coinbase €21m for failure to monitor suspicious transactions
The Central Bank of Ireland has fined cryptocurrency exchange Coinbase more than €21m for failing to property monitor over €176bn worth of transactions on its platform for suspicious anti-money ...
Financial controls have historically depended on a review cycle. Auditors finally investigated what had happened after some time had passed and transactions had ...
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